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Answer:
14%
Step-by-step explanation:
In this question, we have to find the percent markdown of the cost of the DVD player.
We know that the original price was $175.80, and now it is $150.65
To find the markdown, lets set this up as a proportion:
[tex]\frac{\$down}{original\$}=\frac{\%down}{100\%}[/tex]
First, lets find how much money was downed due to the sale. Do this by subtracting the sale cost from the original.
175.80 - 150.65 = $25.15
Since we now know our markdown cost, we can plug in the information to our proportion:
[tex]\frac{25.15}{175.80}=\frac{x}{100}[/tex]
Since we're solving for the percent markdown, we will replace the %down with an x, since we will be solving for x.
Solve for x:
[tex]\frac{25.15}{175.80}=\frac{x}{100}[/tex]
Cross multiply.
[tex]175.80x=2,515[/tex]
Divide both sides by 175.80
[tex]x=14.30602[/tex]
When you round the decimal to the nearest whole, you would get a markup of 14%